Bloomberg learned about McKinsey’s plans to lay off 2,000 employees

International consulting company McKinsey & Company may lay off 2,000 employees as part of a business reorganization program. About it informed Bloomberg citing sources.

“For the first time in over a decade, we are changing the way our non-customer service teams operate so that those teams can effectively support and scale our firm,” a McKinsey spokesperson said in an emailed statement.

It is clarified that this decision could lead to one of the largest layoffs in the history of the company since 1926. It is assumed that the reductions will affect only those employees who are not in direct contact with the company’s customers.

It is expected that in the coming weeks it will be known exactly how many employees will be laid off from the company and from which departments they will be. According to the agency, McKinsey now employs 45,000 people. For comparison, in 2018 there were 28,000 of them, and in 2012 – 17,000.

McKinsey sold Russian division to local managing partners in May 2022 – Yakov Sergienko (he owns 33% of the Russian division, which later renamed in Yakov and Partners), Sergey Zaborov, Elena Kuznetsova, Tigran Saakayan and Viktor Surkov (16.75% each), follows from the Unified State Register of Legal Entities (EGRLE). On July 17, a change of ownership took place again: 75% ended up with T.Partners LLC, 25% – with MSK Capital LLC, which is wholly owned by Sergienko. In T.Partners, he owns 10.6%, and six other shareholders each have 14.9%.